21.   Central bankers, citing a benign inflation outlook, began a series of interest rate reductions one year ago.

22.   Chancellor of the Exchequer Kenneth Clarke is set to cut U.K. interest rates on Thursday, reassured by the subdued inflation outlook, economists said.

23.   Central bankers, citing a benign inflation outlook, began a series of interest rate reductions about a year ago.

24.   Commodity prices continued to fall, signaling a more stable inflation outlook.

25.   Danmarks Nationalbank, the Danish central bank, confirmed the inflation outlook in a report saying Denmark will experience slow growth and a low inflation rate this year.

26.   Driving the higher-than-expected inflation outlook, the central bank said, is demand.

27.   Equity market turmoil, and the low inflation outlook, is driving people into other assets, such as bonds.

28.   Even if lawmakers stall on the Boskin recommendations, the long-term inflation outlook is bright, investors say.

29.   Even so, the inflation outlook continues to improve.

30.   Fed Chairman Alan Greenspan said the central bank acted because the inflation outlook is positive.